Torrid pace to Japan auto sales ahead of sales tax hike

|By:, SA News Editor

Auto sales rose 27.5% Y/Y in Japan during January, according to data from the Japan Automobile Dealers Association

Despite the torrid pace of growth for the month, sales are expected to drop off for the year due to an upcoming sales tax increase in the nation.

January sales breakdown: Toyota (TM) +19.2% to 125,568; Nissan (NSANY) +1.8% to 45,024; Honda (HMC) +136%.